CNI FY 2019 Earnings Report — Canadian National Railway Company Revenue & Financial Results | Market Cap Arena

Canadian National Railway CompanyCNI

FY 2019 Earnings

Reported January 31, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$10.9B	—	$10.5B	—	4.2%
Op. Income	$4.1B	—	$4.0B	—	1.8%
Gross Margin	40.8%	—	41.6%	—	-0.8pp
Net Margin	28.3%	—	30.2%	—	-2.0pp
EPS (Diluted)	$4.28	—	$4.29	—	-0.2%
Free Cash Flow	$1.5B	—	$1.7B	—	-13.8%

Revenue Flow

Item	Amount
REVENUE	$10.9B
Cost of Revenue	$6.5B
GROSS PROFIT	$4.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	-$235M
SG&A Expenses	-$235M
Other Expenses	$360M
Operating Expenses	$125M
Cost & Expenses	$6.6B
OPERATING INCOME	$4.1B
Interest Income	$0
Interest Expense	$393M
Other Income/Expenses	-$120M
INCOME BEFORE TAX	$4.0B
Income Tax Expense	$886M
Net Income from Continuing Ops	$3.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.1B
D&A	$1.1B
EBIT	$4.4B
EBITDA	$5.5B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$10.9B
Cost of Revenue	$6.5B
GROSS PROFIT	$4.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	-$235M
SG&A Expenses	-$235M
Other Expenses	$360M
Operating Expenses	$125M
Cost & Expenses	$6.6B
OPERATING INCOME	$4.1B
Interest Income	$0
Interest Expense	$393M
Other Income/Expenses	-$120M
INCOME BEFORE TAX	$4.0B
Income Tax Expense	$886M
Net Income from Continuing Ops	$3.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.1B
D&A	$1.1B
EBIT	$4.4B
EBITDA	$5.5B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$3.1B
Depreciation & Amortization	$1.1B
Stock-Based Compensation	$0
Deferred Income Tax	$416M
Other Non-Cash Items	$99M
Change in Working Capital	-$409M
OPERATING CASH FLOW	$4.3B
Capital Expenditure	-$2.8B
Acquisitions (Net)	-$189M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$48M
NET CASH FROM INVESTING	-$3.1B
Net Debt Issuance	$1.0B
Common Stock Repurchased	-$1.3B
Common Dividends Paid	-$1.1B
Other Financing Activities	-$5M
NET CASH FROM FINANCING	-$1.4B
FREE CASH FLOW	$1.5B
Net Change in Cash	-$125M

Balance Sheet

Item	Amount
Cash & Equivalents	$47M
Short-Term Investments	$0
Net Receivables	$1.0B
Inventory	$447M
Other Current Assets	$425M
TOTAL CURRENT ASSETS	$2.1B
PP&E (Net)	$29.4B
Goodwill	$56M
Intangible Assets	$111M
Long-Term Investments	$61M
Tax Assets	$0
Other Non-Current Assets	$330M
TOTAL NON-CURRENT ASSETS	$29.9B
TOTAL ASSETS	$32.0B
Account Payables	$633M
Short-Term Debt	$1.4B
Deferred Revenue	$37M
Other Current Liabilities	$105M
TOTAL CURRENT LIABILITIES	$3.1B
Long-Term Debt	$8.7B
Deferred Revenue NC	$118M
Deferred Tax Liabilities	$5.7B
Other Non-Current Liabilities	$881M
TOTAL NON-CURRENT LIABILITIES	$15.7B
TOTAL LIABILITIES	$18.8B
Common Stock	$2.7B
Additional Paid-In Capital	$295M
Retained Earnings	$12.9B
Treasury Stock	-$119M
Accum. Other Comp. Income	-$2.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$13.2B
Minority Interest	$0
TOTAL EQUITY	$13.2B
TOTAL LIABILITIES & EQUITY	$32.0B
Total Debt	$10.4B
Net Debt	$10.4B